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CANADIAN MINING GIANT HYPERBLOCK ACQUIRES CRYPTOGLOBAL FOR $106 MILLION
The Canadian mining organization, one of the largest in North America, has just announced plans to acquire CryptoGlobal. The deal has been estimated to have been worth €90.43 Million dollars.
Last Tuesday, Canadian cryptocurrency mining giant, HyperBlock, announced their acquisition of another mining firm by the name of CryptoGlobal for €90.43 Million dollars. This deal will be entirely stock-based, with HyperBlock purchasing CryptoGlobal shares at €0.63 a piece.
The acquisition price, which was agreed on by both parties, is over 40% higher than the current market price of the shares which are listed on OTC markets.
With the acquisition of CryptoGlobal, HyperBlock, in its new form, has plans to get listed with Canadian exchanges once the deal is finalized. The company also plans to reimburse CryptoGlobal investors with shares of the newly merged companies.